The Nakash company, VM South Beach, bought a note from Loftin’s original lender. The mortage is listed at $30 million in bankruptcy filings.

Fisher said VM South Beach will have a credit bid because it owns the note, which could put it in the driver’s seat. But Fisher said the value of the credit bid is yet to be determined by U.S. Bankruptcy Judge Laurel Isicoff.

Coldwell Banker's The Jills – Jill Hertzberg and Jill Eber – are still involved in the property, Fisher said. Jason Welt, of Jason Welt P.A., is also assisting Fisher.